Appellate tribunal clears first group insolvency resolution covering six companies
The plan consolidates assets of a real estate group and its subsidiaries, a first under the insolvency code.
By Ishita Roy, Corporate and insolvency editor
Insolvency, bankruptcy, arbitration, competition, securities and the deals that test them.
The plan consolidates assets of a real estate group and its subsidiaries, a first under the insolvency code.
By Ishita Roy, Corporate and insolvency editor
The judge held that claimants who never returned an opt-out form had not consented to release the debtor's parent and insurers, sending a $2.1 billion settlement back to the drawing board.
By Rebecca Lindqvist, Corporate and bankruptcy correspondent
Parties who named Mumbai as the seat cannot approach Delhi courts because the hearings happened there.
By Varun Khanna, Arbitration and competition correspondent
The order finds deep discounting funded by investors was designed to exclude smaller rivals.
By Varun Khanna, Arbitration and competition correspondent
The judge found that selling one hospital to an out-of-state operator would not replace the competition the merger would eliminate.
By Daniel Okafor, Federal courts correspondent, New York
Proximity to an insider and trading before an announcement are not enough without evidence of communication, the tribunal held.
By Farah Ansari, Bombay High Court correspondent
Deal value thresholds now catch acquisitions of loss-making startups with large user bases.
By Varun Khanna, Arbitration and competition correspondent
The complaint says investors paid premium fees for a machine-learning strategy that did not exist; the firm says it will fight the case.
By Rebecca Lindqvist, Corporate and bankruptcy correspondent
Recoveries have improved, but thousands of buyers remain stuck in stalled resolutions.
By Ishita Roy, Corporate and insolvency editor